Entrepreneurship Development Institute of India
Post Graduate Diploma in Management - Business Entrepreneurship (PGDM-BE)
- Approved by All India Council for Technical Education (Certificate)
- Equivalent to MBA degree of an Indian University as accorded by the Association of Indian University (Certificate)
- Accredited by National Board of Accreditation (NBA) (Certificate)
- Awarded USASBE Outstanding Entrepreneurship Program Abroad Award 2014 (Category)
The PGDM–BE two-year, full-time, residential programme at the EDI, now in its sixteenth batch of delivering entrepreneurship education, has been designed specifically for entrepreneurs and entrepreneurial mangers to encourage critical and lateral thinking, nurture their ambitions, and enable new ventures through an academically rigorous, directly relevant and highly practical learning experience.
Entrepreneurship Process at EDI
All individuals who enroll themselves into EDI go through the complete process of sharpening their entrepreneurial mind set by boosting their confidence. They are taught to identify opportunities and check on its feasibility. Through constant mentoring and guidance the students then prepare their business plan and finally they are given the platform to pitch their ideas to banks and investors, so that they can launch their own venture.
Who Should Join EDI?
Who is it for?
The Postgraduate Diploma in Entrepreneurship is open to all individuals who are either considering embarking on an entrepreneurial career pathway or have taken the first steps of their entrepreneurial journey. This may involve forming a business based around new technology or service, developing an agricultural set up, pursuing an opportunity in the arts or creative media, or taking an innovation forward within a larger or more established organisation. Also individuals who want to scale their family business to new heights can enroll for the course.
- An entrepreneurial individual who wishes to advance his/her ambitions, or aspiring to start or grow a venture.
- A recent graduate who wants to acquire the knowledge, skills and aptitudes to facilitate move from the academic to business world by acquiring an entrepreneurial perspective.
- A ward who wants to be the potential successor of their existing family business.
- An individual who wants to enhance his career with a distinct personal and competitive advantage.
- A person who has an idea that might be developed for licensing, commercialization, starting a business or a venture.
- An individual who is looking for short term employment before starting his business.
Students are encouraged to bring their own business ideas with them to the programme, along with a clear ambition and desire to take them forward as an Enterprise Project. This will form a core part of an effective learning experience by providing a clear and meaningful focus for written assessments and presentations
The objectives of this accelerated, rigorous and application-oriented course are to:
- Develop skills in successfully initiating, expanding and diversifying a business enterprise in new, up-coming areas.
- Create entrepreneurial managers for corporate
- Develop family business successors as enterprising and knowledgeable owners of the business of their predecessors
The PGDM- BE at EDI is designed to develop a strong base for entrepreneurial and management skills. These critical tools will help the participants face any challenge in their career.
EDI places a strong emphasis on entrepreneurship as a means to creating value for organizations and the development of leadership competencies. The methodology adopted at EDI varies according to various subject's objectives and the skills, attitudes and behavioral patterns to be fostered. Though classroom theory is important for acquiring management knowledge but there is no substitute for practice in order to ingrain the entrepreneurial decision making skills. To this end, the pedagogy includes case study discussions, simulation games, teamwork, tutorials and role-play exercises, among other activities. The students are given opportunities to interact, challenge points
of view and discuss business situations on an academic platform. One of our key strengths is the degree of personalized mentor provided to each participant.
The course is offered through six trimesters over the two years period. The course offers induction module, core courses, electives, audited courses, seminar courses, independent study and projects apart from summer internship at the end of Ist year.
Structure of Program
Before the commencement of the course , a 2 week orientation program is designed for the students which focuses at—
- Entrepreneur Interactions and Learning
- Entrepreneurial Career and Aspirations (Statement of Purpose)
- Optional Preparatory Courses: Mathematics/ Computer Applications / English/ Business Basics
The curriculum provides a strong grounding in managerial fundamentals while highlighting the strategic role that entrepreneurial mindset plays in enhancing business performance and creating sustainable competitive advantage. Throughout the trimester, these courses are offered in core areas which are having relationship with real business issues through case studies and projects that cover different company stages, sizes, industry and international contexts. These courses mostly cover-
- Accounting and Financial Management
- Operations and Systems
- Marketing management
- General and Strategic management
- Individual and Organisation behaviour
- Business Economics and International Trade
- Written analysis and Communication
First Year Courses :
|Entrepreneurship Theory & Practice
||Managerial Accounting and Control-I
||Quantitative Techniques -I
|Principles of Management
||Exploring Business Opportunities
||Managerial Accounting and Control-II
||Quantitative Techniques -II
|Marketing Management -I
||Human Resource Management
|Financial Management -I
|Creativity, Innovation and Entrepreneurship
||Doing Business with Government and Public Sector
|Management Information System
||Research Methodology and Applications
|Marketing Management -II
|Financial Management -II
The seminar courses are designed to provide in-depth understanding of various sectors where the student want to associate in future. These first-year seminars are taught by EDI faculty in association with various industry experts and consultants. Seminar faculty often serves as informal mentors for their students long after the class has ended.
- Automobiles and Ancillaries
- Communication and Media
- Design and Fashion
- Education and Training
- Electricals and Electronics
- Mechanical Engineering
- Environment and Green Business
- Financial Services
- Food Processing
- Healthcare and Lifesciences
- Information Technology Enabled Services
- Logistics and Supply Chain
- Plastics and Chemicals
- Real Estate and Construction
- SME Consultancy
- Textiles and Garments
- Tourism and Hospitality
Second Year Courses :
||Business Legislation and Taxation
The elective stream builds on learnings from the core courses and helps the student to develop in-depth knowledge or expertise in specific areas. The variety of choices and combinations of specializations enables student to define his educational objectives as narrowly or broadly as he likes.
The Course offers dual electives in Entrepreneurship and Functional Areas:
- New Enterprise Creation (NEC):
This electives provides knowledge and develops competencies to start and manage own business. It covers the process of identifying and quantifying market opportunities, then conceptualizing, planning, and starting a new enterprise. Intended for students who want to start their own business, further develop an existing business, be a member of a management team in a new enterprise, or better understand the entrepreneur and the entrepreneurial process. Students are guided to work on a detailed project report and emerge with a bankable business plan after completion of classroom training.
- Family Business Management (FBM):
In a business environment characterized by intensified competition, family-owned companies face unique challenges. This electives aims at developing family business successors into enterprising and knowledgeable owners of the business of their predecessors. Issues, problems and concerns of family businesses are dealt with in great detail so as to enable the students to come out with an ambitious growth plan. Participants learn how to leverage the strengths of family business management and successfully implement practices that drive high performance, shareholder loyalty and healthy family relationships
|New Enterprise Creation
|Launching and Managing an Enterprise
|Project Formulation and Appraisal
|Buying an Existing Business
|New Enterprise Financing
|Opportunities in Emerging Markets (ASEAN, Africa, Latin America & CIS countries)
|Intellectual Property Rights and Technology Commercialization
|Family Business Management
|Family Business Dynamics
|Growth Plan Formulation and Appraisal
|Turnaround Strategies in SMEs
|Managing Finance and Liquidity
|Families in Business
|Business Governance and Practices
|Quality Management System
|Growing, Preserving, and Sharing the Wealth
The unique feature of PGDM-BE course at EDI is its dual dimensional specializations. Entrepreneurs/ Entrepreneurial Managers need to address various issues concerning higher productivity, greater efficiency and effectiveness of new/family business organizations and for that they must be well equipped with competencies in different functional areas. To provide these inputs, PGDM-BE course is designed to offer the option to do a dual electives which, would besides imparting knowledge on creating and managing business, would enhance the knowledge in functional areas
|Security Analysis and Portfolio Management
|Strategic Financial Management
|Financial Institutions and Markets
|Financial Risk Management
|Taxation and Tax Planning
|Management Control Systems
|Computer-aided Accounts and Financial Decisions
|Economic and Financial Regulations
|Branding and Advertising
|Sales and Distribution Management
|Rural and Agri-Marketing
|Franchising and Retail Marketing
|Business to Business Marketing
|Marketing Insights and Consumer Behavior
|Customer Relationship Management
|International Marketing Management
|International Financial Management
|International Business Strategies
|India's Foreign Trade and Policy
|Business Decision Making in WTO/RTA Era
|Doing Business in Emerging Markets (ASEAN, Africa, Latin America & CIS countries)
|Human Resource Management
|Organization Development and Change
|Building and Leading Effective Team
|Industrial Relations and Labor Laws
|Small Business Consulting Project
|Business Ethics and CSR
|Enterprise Resource Planning
|Business Process Reengineering
|Web Design & E-Commerce
|IT and Business Strategy
|Decision Support System
|Language and Communication
|Organizational and Persuasive Communication
|Communicating Corporate Identity
At EDI the experiential learning is emphasized through Summer Internship and Projects.
- Summer Internships
At the end of the first year, students are exposed to applied aspects of managing an enterprise through Summer Internship Placements. The Placement Cell facilitates interaction between students and the industry. Students are placed in different organizations preferably Small and Medium Enterprises (SMEs), as per their electives / area of interest, for a period of 8-10 weeks after completion of the first year.
- Projects : DPR/FYPP
A Bankable Detailed Project Report (DPR) will be prepared by the participants with regard to their ventures after conducting a thorough market research and secondary data based research along with IT based applications. Participants of the Family Business Management specialisation alternatively can prepare a Five Year Perspective Plan (FYPP) for growth of their respective family firms. The final project report will be assessed by a panel of experts comprising faculty, industry experts and bankers. A presentation cum viva-voce examination for the final report will then be organised. The DPRs/PPs can be submitted to IDBI Bank Ltd. and Small Industrial Development Bank of India (SIDBI) for working capital and term loan respectively for the venture.
- Independent Study
Consistent with its commitment to student-directed learning, EDI offers a variety of independent study opportunities. Many academic departments offer independent research or reading courses. Students may also initiate, design, and execute independent study projects with the help of faculty advisors
- Business Simulation
Business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership.
EDI provides the simulation experience on MikesBikes-Advanced business strategy and Sim Venture -A unique business plan simulation .
- Entrepreneur Interactions
Eminent entrepreneurs from various industries are invited regularly to share their experiences with the students. Mr. Vikas Jain, Cofounder Micromax, Mr. Pankaj Maheshwari- Founder- Net Matrix Solutions, Mr. Deepak Vardey(EDI Alumni)- Cofounder , Chipmonk , Mr. Manu Midha-- Head of Planning and Strategy, Infibeam , Mr. Janak Parikh, Managing Director, Bayer Malibu Polymers, Mr. Phaninder Sama , Cofounder redBus.co.in were a few of the entrepreneurs who enlightened the current batches by giving them insights about the prevailing situations in the industry and sharing their professional journey of entrepreneurship.
Also students are encouraged to participate or witness various events and seminars that are organized in Ahmedabad by prestigious institutions to give them maximum exposure of the current economic scenario and the developments that are taking place on a national and international level.
- Industry Visit
Each trimester the students are given a guided industry visit. The aim of this visit is to help the students see an actual working environment. A brief is given to the students on the floor directly by various functional or departmental heads of the units.
The PGDM-BE is accredited by National Board of Accreditation (NBA) w.e.f. 18.09.2013 for a period of three years.
FUNDS FOR VIABLE PROJECT FOR EDI STUDENTS
Funding will be available to EDI students in form of debt and equity.
IDBI Bank to consider financing up to Rs.1 crore without Collaterals for viable projects taken up by EDI students under CGTMSE
EDI has tied up with various VC to fund vaible projects taken by EDI students.
- Mumbai Angels http://www.mumbaiangels.com/
- Seedfund http://seedfund.in/
- SME Joinup http://www.smejoinup.com/
Intake Capacity: Intake Capacity: The approved intake capacity is 120 seats for full-time PGDM –BE. Over and above the approved intake of 120 students for the programme, the Institute has received the approval from AICTE for an additional intake of 15% (i.e. 18 seats) for Persons of Indian Origin (PIOs)/Foreign Nationals in PGDM-BE Programme for PIOs and Foreign Nationals from the academic session 2013-15. AICTE Approval for 5 % NRI seats (within the sanctioned intake of 120) has also been approved.
PIO/NRI/Foreign candidate should contact the P.G. Admission office for further details.
PIO : "Persons of Indian origin (PIO)" shall mean the persons who are citizens of other countries (except Pakistan & Bangladesh) who at any time held an Indian Passport, or who or either of his/her parents or any of his/her grandparents was a citizen of India by virtue of the provisions of the Constitution of India of Sec.2 (b) of the Citizenship Act, (57 of 1955).
Foreign National : Foreign National means the citizen of the all countries other than India who are not of Indian origin as defined under PIO.
NRI : "Non-Resident India (NRI)" means an Indian citizen who is ordinarily residing outside India and holds an Indian Passport.
Eligibility for Indian Nationals: A three-year (10+2+3) University Degree in any discipline or a four year (10+2+4) Engineering / Technology / Medicine / Other, recognized by the UGC/AIU/AICTE are eligible for Post Graduation, with not less than 50% overall aggregate marks (45% in case of candidates belonging to the Reserved category, as per norms) .
Candidates interested in applying for the programme but still appearing for their final year examinations towards their Bachelor's degree (or equivalent) are also eligible to apply.
Candidates who have passed or have appeared for their graduation examination from a University where Grade Point Average is given should produce in writing from the University concerned about the equivalent percentage for the GPA/CGPA obtained.
Eligibility for PIO/NRI/Foreign candidate Admission to the PGDM-BE programme requires a Bachelor's degree (in keeping with the 10 + 2 + 3 system) with minimum 50% marks, or an equivalent qualification in any discipline recognised by the Association of Indian Universities (AIU). Candidates appearing for final examinations towards a Bachelor's degree (or equivalent) are also eligible to apply.
Procedure for Indian Nationals :The admission process consists of taking any of these tests—CAT, MAT, XAT, ATMA ,CMAT. Candidates have to apply to EDI by acquiring application form which can be downloaded from www.ediindia.org / www.ediindia.ac.in or can be filled online. Applicants who want to apply online can make payments online. The duly filled in downloaded form should be sent to EDI along with a Demand Draft of Rs1000/- drawn in favour of 'Entrepreneurship Development Institute of India', payable at Ahmedabad or by transferring Rs1000/- to the EDI PG admission account(details given below).
Eligible candidates will be called for the Entrepreneurial Aptitude Test (EAT) and Personal Interview(PI).
Entrepreneurial Aptitude Test (EAT):
There are two sets of tests under this category designed to analyse behavioural predispositions like drive, initiative, general entrepreneurial tendencies, leadership, personality traits, etc. The tests measure entrepreneurial potential and commitment.
|Name of Account
||EDI PG Admission
||EDI PG Admission
|Name Of Bank
Procedure for PIO/NRI/Foreign candidate For PIO/NRI/Foreign candidate only GMAT scores(Dec 31,2008 or later) will be accepted. Candidates have to apply to EDI filling the form online and a registeration fees of USD 100 needs to be paid online by credit/debit card.
Short-listed candidates will be invited for a Personal Interview Process via teleconference.
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- Hostel charges will be Rs. 50, 000/- per year (A/C twin sharing).
- Mess charges will be as per the rate decided by the Institute.
- How Post Graduate Diploma in Management – Business Entrepreneurship (PGDM-BE) programme is different from an MBA programme?
The programme targets students who want to become entrepreneurs or want to join their family business. Graduate from any discipline can join the course.
It is a business oriented course whereas MBAs are job oriented ones. Therefore, in place of placement activities the course focuses on facilitating preparation of a bankable project report or a strategic plan for the growth of family businesses. The graduates apart from successfully managing their family business have demonstrated creation of new enterprises. The aspirants can also make a career in the field of research on entrepreneurship development.
- Whether the programme is recognized by the Government?
This is a two year residential programme and approved by All India Council for Technical Education (AICTE), Ministry of Human Resource Development, Government of India.
The IDBI Bank chair presides over the EDI Governing Body at an ex-officio capacity. Chiefs or their nominees of other national financial organisations such as NABARD, IFCI, ICICI, SIDBI and SBI, chiefs of industry associations such as CII, and the Governments represent the Governing Body. IDBI, IFCI, ICICI and SBI are the promoters of this Institute.
Bankers are invited to provide guidance on the project report preparation and for its evaluation. This helps immensely in making the project reports bankable.
Support organisations such as National Small Industries Corporation (NSIC) and SIDBI have provisions for preferential treatment in lending credit to the graduates of our programmes.
- What is the structure of pedagogy and evaluation methods?
Faculty members use lectures, live projects, group discussions, case studies and simulation games to deliver the scheduled inputs.
A student performance is evaluated through classroom tests, assignments, presentations, and term-end examinations.
- What are the contents of the programme?
In this programme, one third of classroom work focuses on development of entrepreneurial orientation, another one third focuses on development of managerial skills and rest is on information and tools of analysis.
All the students have to undergo summer internship for a trimester at the end of first year. The project work during the second academic year results into either a detailed project report on a product/service or a five-year perspective growth plan for a family business.
- What are the electives offered in these courses?
The programme offers two stream specializations viz. Family Business Management and New Enterprise Creation and various functional specializations viz. Marketing, Finance, Human Resource Management, International Business, Information System and Language and Communication.
- What are the entry mechanism and its structure?
Students appearing for CAT, MAT, XAT, ATMA & CMAT examinations for securing admission in management and non-management institutions, can opt for EDI's Post Graduate Programme. EDI has registered itself, under the non-management institution's category, and will consider CAT, MAT, XAT, ATMA & CMAT scores for offering admission in its Post Graduate Diploma in Management – Business Entrepreneurship. However, such candidates have to appear for Entrepreneurial Aptitude Test (EAT) and Personal Interview (PI), conducted by EDI.
The EAT is an entrepreneurial orientation test and the personal interview focuses on commitment towards the programme.
- Whether fellowships are available?
Few fellowships are available to the students on merit and need basis, which covers the portion of the course fee. Students have to apply separately in the prescribed form when notified.
- Does Institute provide Placement Facility?
At the end of the first year, students are exposed to applied aspects of managing an enterprise through Summer Internship Placements. Students will be placed in Small and Medium Enterprises (SMEs), as per their electives / area of interest, for a period of 8-10 weeks after completion of the first year.
On completion of the second year, the Institute will provide limited support in placement for those who wish to work in an enterprise before launching their own enterprise and will also facilitate interaction with Bankers/Financial Institutions so as to help students in starting their venture. A Placement Cell has been set up by the Institute to facilitate the interaction between students and the industry.
- What are our alumni doing?
Many of our alumni (34 percent) have joined their family businesses and about 26 percent have created new enterprises, 5 percent are in the process of creating new enterprises, 30 percent are employed with the industry and 5 percent are pursuing higher studies.
- Are alumni accessible?
Alumni have demonstrated commitment towards the course and the Institute. Any candidate to know more about the course and the Institute may approach them. Click here to get in touch with our alumni residing in the location of the aspirants.
- What are the infrastructure facilities?
- Modern computer labs with net connectivity.
- Wi-fi enabled campus
- Library facility with more than 14000 titles and 125 periodicals.
- Separate hostel for girls.
- Boarding for residential candidates.
- Provision for reading space, sports and gymnasium.
- Fully furnished air conditioned rooms for visitors/guests